Lattice Semiconductor (LSCC) Proxy filing summary

Executive summary

• Fiscal 2025 marked a pivotal year with stabilized revenue, normalized channel inventories, and approximately 85% year-over-year server revenue growth, positioning for higher growth in 2026 and beyond.

• Leadership transition completed with new CEO, CFO, and SVP of Worldwide Sales, resulting in improved operating and market performance and zero executive leadership attrition post-transition.

• GAAP revenue grew 9.3% quarter over quarter and 2.7% year over year; adjusted EBITDA increased nearly 13% year over year, with margin up 320 basis points.

• New product revenue grew about 70% year over year, and the product portfolio expanded by 60% in 2025.

• Record design wins and significant market valuation appreciation reflect investor confidence in the new leadership.

Voting matters and shareholder proposals

• Board recommends voting FOR Proposal No. 3 (Advisory Vote on Executive Compensation) and FOR all director nominees.

Board of directors and corporate governance

• Board composition includes two of eight directors identifying as female and one as an underrepresented minority.

• Director nominations are based on skills, expertise, and ability to contribute to long-term value; board periodically evaluates disclosure practices.